Can I retire at age 60 with 517,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $517,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15%
1 years$42,693$42,313$41,942$41,580$41,226$40,377
2 years$21,135$20,742$20,360$19,990$19,632$18,780
3 years$13,950$13,555$13,174$12,808$12,455$11,628
4 years$10,358$9,964$9,588$9,227$8,883$8,086
5 years$8,204$7,812$7,440$7,088$6,753$5,989
6 years$6,768$6,379$6,013$5,668$5,343$4,613
7 years$5,743$5,357$4,997$4,660$4,345$3,649
8 years$4,974$4,592$4,238$3,909$3,605$2,941
9 years$4,377$3,998$3,650$3,330$3,036$2,405
10 years$3,899$3,524$3,182$2,870$2,587$1,989
11 years$3,508$3,137$2,801$2,498$2,225$1,658
12 years$3,183$2,816$2,486$2,191$1,928$1,392
13 years$2,908$2,545$2,221$1,934$1,681$1,175
14 years$2,673$2,313$1,996$1,717$1,474$997
15 years$2,469$2,113$1,802$1,531$1,298$849
16 years$2,291$1,939$1,634$1,371$1,147$725
17 years$2,133$1,786$1,487$1,232$1,017$620
18 years$1,994$1,650$1,357$1,110$904$532
19 years$1,869$1,529$1,242$1,003$806$458
20 years$1,757$1,421$1,140$909$720$394
21 years$1,656$1,324$1,049$825$644$340
22 years$1,564$1,235$967$750$577$293
23 years$1,480$1,156$892$683$518$254
24 years$1,403$1,083$825$623$466$219
25 years$1,333$1,016$764$569$419$190
26 years$1,268$955$709$520$378$164
27 years$1,208$899$658$476$340$142
28 years$1,152$847$612$436$307$123
29 years$1,101$799$570$400$277$107
30 years$1,052$754$531$367$251$93
31 years$1,007$713$495$337$227$81
32 years$965$675$461$310$205$70
33 years$926$639$431$285$185$61
34 years$889$606$403$262$168$53
35 years$854$574$376$241$152$46
36 years$821$545$352$222$138$40
37 years$790$518$330$205$125$35
38 years$761$492$309$189$113$30
39 years$733$468$289$174$103$26
40 years$707$445$271$161$93$23
41 years$682$424$254$148$85$20
42 years$658$404$238$137$77$17
43 years$636$385$224$126$70$15
44 years$614$367$210$116$63$13
45 years$594$350$197$108$57$11
46 years$574$334$185$99$52$10
47 years$556$318$174$92$47$9
48 years$538$304$163$85$43$7
49 years$521$290$154$78$39$6
50 years$505$277$144$72$35$6

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 60 starting with $517,000, adding $4,100 every year, while hoping to spend $28,561 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 40/40/20 Blend
59$517,000$517,000$517,000$517,000
60$573,963$546,562$538,549$593,375
61$602,119$542,955$526,201$604,043
62$632,189$538,214$512,483$612,537
63$664,339$532,253$497,318$621,139
64$698,750$524,982$480,626$629,874
65$735,620$516,303$462,325$638,773
66$775,167$506,116$442,327$647,870
67$817,630$494,312$420,541$657,206
68$863,271$480,776$396,872$666,831
69$912,379$465,388$371,221$676,798
70$965,268$448,019$343,484$687,173
71$1,022,287$428,533$313,552$698,028
72$1,083,816$406,788$281,312$709,450
73$1,150,275$382,630$246,646$721,533
74$1,222,124$355,900$209,429$734,389
75$1,299,869$326,427$169,534$748,142
76$1,384,067$294,033$126,824$762,934
77$1,475,328$258,527$81,158$778,927
78$1,574,325$219,708$32,391$796,302
79$1,681,799$177,366$0$815,266
80$1,798,562$131,277$0$840,242
81$1,925,509$81,203$0$874,949
82$2,063,624$26,896$0$912,794
83$2,213,992$0$0$954,146
84$2,377,803$0$0$1,013,456
85$2,556,369$0$0$1,091,076
86$2,751,134$0$0$1,175,801
87$2,963,687$0$0$1,268,332
88$3,195,776$0$0$1,369,438
89$3,449,326$0$0$1,479,966
90$3,726,457$0$0$1,600,850
91$4,029,503$0$0$1,733,117
92$4,361,033$0$0$1,877,898
93$4,723,874$0$0$2,036,438
94$5,121,143$0$0$2,210,111
95$5,556,270$0$0$2,400,425
96$6,033,032$0$0$2,609,045
97$6,555,589$0$0$2,837,803
98$7,128,523$0$0$3,088,718
99$7,756,881$0$0$3,364,012
100$8,446,221$0$0$3,666,133